Jack Henry provides core account-processing systems, payments and digital-banking technology, primarily to community and regional banks and credit unions. It serves more than 7,200 financial institutions and corporate entities.
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A snapshot of what JACK HENRY & ASSOCIATES INC owns and owes at a point in time.
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3 reports in this collection
| Report period | Filed with SEC | Form | Source |
|---|---|---|---|
| Jun 30, 20240000779152-24-000079 | Aug 26, 2024 | 10-K | Open 10-Ksec.gov |
| Jun 30, 20250000779152-25-000055 | Aug 25, 2025 | 10-K | Open 10-Ksec.gov |
| Jun 30, 20260000779152-26-000067 | Aug 28, 2026 | 10-K | Open 10-Ksec.gov |
Dates describe the filing metadata. Figures and reporting periods should be checked against the original statement. SEC links open in a new tab.
Jack Henry’s FY2026 results show growing demand for hosted processing, payments and digital services, with revenue rising faster than operating expenses. However, the improvement needs qualification: an aircraft-sale gain helped earnings, fewer diluted shares helped EPS, and tax legislation materially boosted operating cash flow. Heavy repurchases, dividends and technology investment left June 30 cash at $12.056 million, alongside $40 million of borrowings. Long customer contracts support ongoing business but can limit recovery of rising supplier costs; bank consolidation can also terminate customer relationships. Management expects further growth and margin expansion in FY2027, but offers qualitative expectations rather than quantified guidance. This overview reflects the August 28, 2026 annual filing, not verified developments through the October 24 preparation date.
Sources: 10-K · 2026-06-30
Jack Henry earns fees from processing accounts and payments, hosting systems, supporting installed software and selling related digital services. Hosted contracts generally run six years; outsourced core contracts include per-account charges and minimum payments. Annual support billing also brings advance collections. These features support continuing revenue, but the disclosed 57% services-and-support and 43% processing mix is not a recurring-revenue percentage. Management attributes FY2026 growth to new hosted customers, transaction activity and digital users; retention and the split between pricing and volume growth are not quantified.
Its public-cloud-native Jack Henry Platform remains under development as an alternative to existing core functions, rather than a completed replacement. Modernization can expand its offering but requires investment and successful implementation; returns are not separately quantified. Segment comparisons were recast for product reallocations and the Corporate Services renaming, without changing consolidated results.
Sources: 10-K · 2026-06-30
For July 1, 2025–June 30, 2026, GAAP revenue rose 7.1% to $2,544.339 million and operating income reached $635.033 million, versus $568.715 million a year earlier. Expenses grew more slowly than revenue despite higher personnel, processing and software costs. Net income rose 10.3% to $502.776 million; diluted EPS rose 11.9% to $6.98, also helped by diluted shares declining to 72.043 million from 73.045 million. A higher effective tax rate partly offset operating improvement.
Management’s non-GAAP adjusted revenue growth was 7.3%, excluding deconversion revenue of $42.830 million versus $33.905 million, acquired revenue of $5.193 million, and FY2025 contract-change revenue of $15.874 million. That prior change also contributed $13.516 million of costs; its mechanics and recurrence are not established here. Deconversion fees usually follow customer acquisitions and are recognized as remaining services are delivered—not necessarily when termination is signed or cash collected. They are not new recurring business. A completed aircraft sale generated a $6.829 million gain that reduced SG&A, further qualifying the earnings improvement.
Sources: 10-K · 2026-06-30
Operating cash flow reached $761.960 million, versus $641.504 million. The July 4, 2025 tax legislation restored domestic R&D deductions and qualifying bonus depreciation, materially benefiting cash taxes: payments fell to $38.868 million from $117.581 million, while the deferred-tax adjustment reached $126.032 million. This does not establish a repeatable annual benefit or lower tax expense: the effective rate increased to 23.0%. Receivables and prepaid expenses, deferred costs and other assets absorbed cash. Operating cash flow is not profit and excludes investing outlays.
Separate FY2026 demands included $184.243 million of capitalized software development, $4.108 million of purchased software and $67.103 million of capital expenditures on facilities and equipment, alongside $176.445 million of expensed R&D. Capitalization defers expense into future periods. Repurchases of $448.173 million and dividends of $170.405 million helped reduce cash to $12.056 million despite positive operating cash generation. The repurchase program can be suspended. The cash-flow disposal adjustment remains unreconciled to the aircraft gain; no sign correction or combined gain is assumed.
Sources: 10-K · 2026-06-30
The March 25, 2026 replacement revolver provides a $1 billion commitment through March 25, 2031, with floating-rate pricing. Borrowings were $40 million at June 30, versus zero a year earlier. Reported covenant compliance applies to that date only. The $960 million nominal unused commitment is neither cash nor verified unconditional availability: thresholds, headroom and detailed restrictions remain unverified. A separate undrawn $50 million line expired July 17, 2026.
Reported contractual obligations totaled $2,177.592 million, including $2,135.981 million of purchase obligations and $41.611 million of undiscounted lease payments. This is not a total of every possible liability; uncertain-tax-position liabilities were excluded because settlement timing and amounts could not be reasonably estimated. Private supplier pricing, minimum volumes and exit rights are not established. Longer customer contracts can restrict recovery of supplier cost increases, making these dependencies relevant even with modest reported debt.
Sources: 10-K · 2026-06-30
Industry consolidation can create larger customers but also remove relationships when non-clients acquire customers. Some renewals have produced price compression. Concentrated cloud-provider dependence, outages, cybersecurity and payment-settlement credit exposure add operational risk. The company acknowledges past cyber incidents and cannot exclude undetected attacks; its assessment that known threats had not materially affected the business does not establish absence of risk. IRS examinations for fiscal tax years 2023–2025 remained ongoing. Management expected no material findings, not zero exposure.
Victor’s $42.390 million cash acquisition closed September 30, 2025, expanding embedded payments; its post-acquisition revenue is already included in consolidated results. Aircraft disposals were completed during FY2026, but a facility sale remained pending. After year-end, the board declared a $0.61 dividend on August 21, payable September 23, 2026; payment is not evidenced by the August 28 filing. Management’s FY2027 growth and margin expectations depend on sales conversion, pricing, transaction activity and execution. No supplied original establishes developments after that filing.
Sources: 10-K · 2026-06-30
USD 2.544339 bn
FY2026 · GAAP · consolidated · Attribution: consolidated · Reported currency
| Fiscal year | Value | YoY |
|---|---|---|
| 2026 | USD 2.544339 bn | — |
Consolidated revenue, including deconversion and acquired-business revenue; not management's adjusted growth measure.
Sources: 10-K · 2026-06-30
USD 2.375288 bn
FY2025 · GAAP · consolidated · Attribution: consolidated · Reported currency
| Fiscal year | Value | YoY |
|---|---|---|
| 2025 | USD 2.375288 bn | — |
Consolidated revenue, including deconversion revenue and the reported contract-change contribution.
Sources: 10-K · 2026-06-30
USD 2.215543 bn
FY2024 · GAAP · consolidated · Attribution: consolidated · Reported currency
| Fiscal year | Value | YoY |
|---|---|---|
| 2024 | USD 2.215543 bn | — |
Consolidated revenue as presented in the FY2026 comparative financial statements.
Sources: 10-K · 2026-06-30
USD 502.776 m
FY2026 · GAAP · consolidated · Attribution: consolidated · Reported currency
| Fiscal year | Value | YoY |
|---|---|---|
| 2026 | USD 502.776 m | 10.3% |
| 2025 | USD 455.748 m | 19.4% |
| 2024 | USD 381.816 m | — |
Consolidated after-tax net income; subsidiaries are wholly owned.
Sources: 10-K · 2026-06-30
USD 761.96 m
FY2026 · GAAP · consolidated · Attribution: consolidated · Reported currency
| Fiscal year | Value | YoY |
|---|---|---|
| 2026 | USD 761.96 m | 18.8% |
| 2025 | USD 641.504 m | 12.9% |
| 2024 | USD 568.041 m | — |
GAAP operating cash flow after working-capital and cash-tax effects; before investing cash outflows for capitalized software and equipment.
Sources: 10-K · 2026-06-30
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